Over at Beacon Equity they released a trading note on the topic:
Recently, First Solar, Inc. made an earnings announcement stating that the Company is growing sales at a tremendous rate and that profits reached a new record. Analysts were impressed by a statement from management that new production capacity would come on-line sooner than expected thus having a positive impact on next years number of megawatts produced. The number of customers doubled over the last year with a grand total of 12 clients, with long-term contracts now stretching out into 2012 representing over 3 gigawatts of production.I saw an investor make this quote over at the Motley Fool:
FSLR enjoys a huge competitive advantage in the fast growing solar market because of its thin film technology. According to Goldman Sachs (Target $275) "they are producing solar at $1.19/watt versus others at $2.50-$3.00/watt".Jump in with your thoughts in the comments section!